European Report
2. High Added Value Applications The High Added Value sector is comprised of Defence Aerospace, Commercial Aerospace, and Industrial Gas Turbines (IGTs). Each of these subsegments is not only technologically demanding but also strategically vital for European industrial sovereignty and competitiveness.
2.1 Commercial
in 2024, Commercial experienced
at USD 13.4%
Aerospace –
Growth Driver and Strategic Pillar Valued
2.50 billion Aerospace year-on-year
growth, making it the most significant contributor to the overall market expansion. This surge stems from the ongoing
ramp-up in aircraft deliveries by Airbus and Boeing.
Airbus is targeting a
monthly production rate of 65 aircraft for the A320 family by late 2024, with an ambitious increase to 75 by 2026. Boeing follows closely with increased output of the 737 MAX, projecting 50 units/month within the same timeframe. This
the entire aerospace supply chain, and Investment
ramp-up is deeply affecting Casting
plays a critical
enabling role, particularly in engine components, high-temperature parts, and structural subsystems. According to EICF surveys, over 80% of European foundries supplying aerospace custom- ers have expanded or are in the process of expanding their capacities to meet OEM and Tier 1 supplier demands. Furthermore, this segment benefits from sustained backlog demand—over 10,000 aircraft combined in the books of Airbus and Boeing—and the long-term transition toward lighter, more efficient, and sustainable aircraft, which increases the complexity and performance requirements of cast components.
2.2 Defence Aerospace – Steady
but Constrained Growth The Defence Aerospace subsegment Growth
is underpinned ®
grew by 2.76%, reaching USD 260.1 million.
geopolitical tensions and renewed attention to European defence readiness, particularly in NATO›s eastern flank. Key programs driving demand
by
include: • FCAS (Future Combat Air System) led by France, Germany, and Spain
• GCAP (Global Combat Air Programme) with the UK, Italy, and Japan
• Eurodrone – Europe›s first MALE-class UAS designed for non-segregated airspace
Continued on pg 32 April 2025 ❘ 31
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